Libra Token Scandal: Did Hayden Davis Try to Control Argentina’s President?

Libra Token Scandal- Was Argentina’s President Manipulated for Promotion?

Libra Token Scandal– In a scandal surrounding the controversial Libra (LIBRA) crypto token, it’s reported that one of its creators, Hayden Davis, attempted to use a financial offer to control Argentine President Javier Milei through his sister, Karina Milei. According to Argentine media, Davis allegedly offered payments to Karina Milei in exchange for the president promoting the token on social media.

A report by La Nacion on February 18 revealed screenshots of text messages from Davis, the CEO of Kelsier Ventures, to a crypto investment firm executive. In these texts, Davis claims he could pay Karina Milei to exert influence over her brother, President Milei, and even arrange for the president to promote the token on Twitter. Davis reportedly said, “I send $$ to his sister and he does whatever I say.”

While Davis has denied sending these messages, a spokesperson for him told CoinDesk that he had no record of them. The spokesperson also clarified that Davis did not make any payments to either Javier or Karina Milei.

Karina Milei, who serves as the general secretary for Argentina’s presidential office, is also a close advisor to her brother. However, the scandal surrounding the Libra token has led to accusations of fraud, with some calling for President Milei’s impeachment. The president himself has defended his actions, claiming he merely “spread the word” about the token but did not “promote” it, as fraud lawsuits suggest.

At its peak, Libra reached a $4.5 billion market cap before plummeting by about 95%. Although Davis and Kelsier Ventures reportedly profited from the Libra launch, Davis insists that he doesn’t own or intend to sell the tokens. This situation underscores the potential risks for investors in projects tied to controversial figures, where market sentiment may be swayed by legal and ethical concerns.

The controversy highlights the importance of cautious investing, especially when controversial figures are involved. The state, according to Milei, plays no role in the token’s issues.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.